I woke up this morning thinking I wasn’t going to send a newsletter because I forgot to charge my computer. Now the sun is out and I’ve got solar. Charging it as we speak. Traveling while running my business is a great blessing, but it has its frustrations. And now, without further ado … Ukraine’s total tally, so far, on crypto donations is $34 million. Colorado is the first state to accept crypto for taxes. Rocky mountain high, dude. I’ve been saying this along:…
Coinbase and Binance will not ban all Russians from using their platforms. A Binance spokesperson said they will not “unilaterally freeze millions of innocent users’ accounts.” Coinbase CEO Brian Armstrong said ordinary Russian citizens use bitcoin as a “lifeline.” While Binance won’t block crypto addresses for all Russians, they are not accepting crypto bank cards from sanctioned Russian banks. The Washington Post says things got a little weird after Ukraine asked for…
I intended to create this report yesterday but forgot. My apologies. You get to see it today instead. The following is how much crypto I earned in February 2022 through cryptosocial media platforms and protocols, and staking. Cryptosocial/Search Earnings Loop Markets I’m impressed with the earnings I’ve received from Loop Markets. It is the clear winner, month to month. However, there is still that lingering frustration that, from time to time, the site gets persnickety. In…
CVS pharmacy wants to be the first drugstore to sell NFTs in the metaverse, and they’ve filed a trademark application to sell downloadable virtual merchandise. Because when your cholesterol is too high, what you really need is a non-fungible Lipitor. Coinbase explains how it complies with sanctions against Russia. Last week, Coinbase refused to ban all Russians from its platform. Coinbase CEO Brian Armstrong says Russia would be better off using U.S. cash to evade sanctions…
I’m proud to say that my long-awaited book Cryptosocial: How Cryptocurrencies Are Changing Social Media has finally been place on pre-order. It goes live for public consumption tomorrow. You can purchase the book at any of the following venues: Amazon Barnes & Noble Waterstones Business Expert Press (the publisher) If you want to preview the first chapter, you can do so at Scribd. I’d be anxious to hear your thoughts on the book and feel free to review it at any of the above…
In the last few days, we’ve heard a lot about an executive order that President Joe Biden signed on Wednesday regarding digital assets. Is this a good thing or a bad thing? First, let’s keep in mind that the category of “digital assets” is broader than the category of cryptocurrencies. It also encompasses NFTs, crypto derivatives such as ETFs, tokenized assets, and could even include non-crypto and non-blockchain-based digital files. That may include digital music and other…
The United Kingdom’s Financial Conduct Authority has declared crypto ATMs illegal in the UK. El Salvador wants to launch a bitcoin-backed bond, but it’s waiting for the right time—a key factor being the Russia-Ukraine war. But if you’re planning on dying any time soon, passing on bitcoin and other cryptocurrencies to your heirs may be harder than it sounds. You could need a lawyer. Ripple CEO Brad Garlinghouse and Co-Founder Chris Larsen filed for the SEC’s lawsuit against…
The European Union is considering a ban on bitcoin, but it could be too close to call. However, bitcoin’s hashrate has jumped 15 percent in 10 days. Mexican drug cartels are funding operations to the tune of $25 billion a year. It sounds like bitcoin has a future, but what is it, and can it protect capital against inflation? Is it more like Gold 2.0 or Reserve Asset 3.0? Oh, and, bitcoin myths—crushed. Ethereum’s top 5 NFT floor prices. Meanwhile, PYMENTS says Ethereum 2.0…
MetaMask has surpassed 30 million users and is planning a DAO and its own token. Somehow, this little drama involves Joseph Lubin, founder of ConsenSys. A group of ConsenSys AG shareholders sued Lubin earlier this year over alleged irregularities regarding CAG intellectual property. ConsenSys is the company that developed MetaMask and the lawsuit reveals that JPMorgan owns stake in that asset, which shareholders weren’t aware of. Yikes! ConsenSys is now valued at $7 billion…
What if Facebook paid users in cryptocurrency for posting to it (An excerpt from my book Cryptosocial: How Cryptocurrencies Are Changing Social Media) It’s not difficult to imagine what Facebook might look like today if a cryptocurrency had been embedded in the business plan from the beginning. The only thing that might have changed is the underlying technology of the platform and whatever effects that would have on user experience. Otherwise, Facebook could theoretically…
TIME Magazine releases entire issue as an NFT. Meanwhile, GameStop plans to launch an NFT marketplace. Binance has left Ontario. But are they cooperating with Russia? Crypto lender BlockFi was the target of a breach that led to personal data of customers being leaked. Bitcoin advocates have long considered cryptocurrencies to be tools to enhance individual freedom, but one prognosticator says President Joe Biden’s CBDC is a threat to freedom. Another says Canada’s crypto…
Ukraine has officially legalized bitcoin. In related news, are you keeping up with the bitcoin runner? He’s traveled to seven countries on foot and has 33 more to go, spending only bitcoin on the way. And if you’re wondering about running a bitcoin node, you’ll want to look at the advantages. Coinbase is being sued for allegedly selling 79 unregistered securities. The history of NFTs, unlike any history you’ve ever seen. (You’ve got to check this one out.) In the UK, NFT…
Since 2018, I’ve identified hundreds of new projects tinkering with cryptosocial media applications. Many of them have died. Others are on the brink of falling off a cliff. Still, many more are alive and kicking. What I’m calling cryptosocial media goes by other names, but I prefer cryptosocial media as an all-embracing term. The reason is simple: The basic framework is still social media. The twist is the marriage of cryptocurrencies to social media. And it looks different…
Google has co-opted the word “Non-fungible” to use as an environmental statement with its trademark application for “non-fungible planet.” Can you smell the irony? Earlier this week, Terra blockchain announced it had purchased $125 million in bitcoin. Subsequently, BTC’s value rose to over $44,000. If we learned anything from Elon Musk’s pumping of Dogecoin, it should be this: If it’s popular and a celebrity (whether a person on two legs or an entity with a rep) takes an…
Bitcoin is now over $47,000, its highest since January. Former U.S. presidential candidate Ron Paul believers bitcoin could still be banned. Shark Tank’s Kevin O’Leary, however, says it will never be banned because it holds too much “economic promise.” Exxon wants to slash emissions, so it’s mining bitcoin in North Dakota. Ups and downs aside, they won’t be accepting bitcoin as legal tender in Malaysia any time soon. Get everything you need to know about bitcoin and crypto…
Coinbase is looking for body guards with “tactical driving skills” and “remote wilderness first aid” experience. This makes me wonder what’s going on in the head of CEO Brian Armstrong. Do you think he’s planning a corporate retreat to Kilimanjaro, or some remote region of Ukraine? Find out at https://cryptocracy.substack.com/p/wanted-tactical-body-guards-for-coinbase?s=w
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